---
schema_version: "secwatch.filing_event.v1"
accession: "0001907982-23-000032"
form_type: "8-K"
ticker: "QBTS"
cik: "0001907982"
company_name: "D-Wave Quantum Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:52:30.221395+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# D-Wave Q3 revenue $2.6M (+51% YoY), bookings $2.9M (+53%), cash $53.3M record

## Summary
- Revenue $2.6M, up 51% YoY and 50% sequentially; commercial revenue up 62% YoY.
- Bookings $2.9M, up 53% YoY; sixth consecutive quarter of YoY bookings growth.
- Cash $53.3M (highest ever); raised $94M in debt/equity YTD; $84.4M ELOC capacity remains.
- Net loss $15.8M ($0.12/share) vs $13.3M loss in Q3 2022; adjusted EBITDA loss improved to $11.6M from $13.0M.
- FY2023 guidance: revenue $10M-$11.5M; adjusted EBITDA loss less than $56M.

## SEC filing metadata
- accession: 0001907982-23-000032
- form_type: 8-K
- ticker: QBTS
- cik: 0001907982
- company_name: D-Wave Quantum Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907982/000190798223000032/0001907982-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907982/000190798223000032/qbts-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001907982-23-000032
- JSON: https://secwatch.observer/filing/0001907982-23-000032.json
- Plain text: https://secwatch.observer/filing/0001907982-23-000032.txt

## Key facts
- Earnings Releases
  D-Wave Quantum Inc. reported fiscal third quarter ended September 30, 2023 results: revenue $2.6 million.
  - Period: fiscal third quarter ended September 30, 2023
  - Revenue: $2.6 million
  - Result: reported results
  source text: language in such filing, unless expressly incorporated by specific reference in such filing. --- EX-99.1 (EX-99.1) --- D-Wave Reports Third Quarter Results Revenue of $2.6 Million, up 50% Sequentially from Q2 Commercial Revenue up 62% Year-Over-Year Total Bookings of $2.9 Million $53.3 Million Cash Balance – Highest in Company’s History PALO ALTO, Calif. &
  evidence_url: https://www.sec.gov/Archives/edgar/data/1907982/000190798223000032/0001907982-23-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.